The South Pacific Stock Exchange (SPX) anticipates the listing of two to three new organizations in 2025, inspired by the successful initial public offering (IPO) of SUN Insurance. Following SUN’s oversubscribed listing, there has been a noticeable increase in investor interest in share investments, as noted by SPX CEO Sheraj Obeyesekere.
Obeyesekere mentioned that while no formal applications from companies have been received yet, several corporates are in the preparatory stages of their listing plans. To support these upcoming listings, SPX will initiate a public awareness campaign focused on the benefits of share investments, aiming to position the stock market as a preferred avenue for responsible and regulated investments.
In 2025, SPX will also review its listing rules to facilitate capital raising opportunities for a broader range of companies. This process will involve stakeholder consultations to ensure the regulations are collaborative and suitable for the Fijian market while adhering to fundamental stock market principles.
Furthermore, the SPX aims to bolster its international presence by participating in the World Federation of Exchanges Annual Meeting in Malaysia. Plans are in place to establish memorandums of understanding with other exchanges to enhance technical expertise and share knowledge, which could be pivotal for SPX’s growth trajectory.
In a positive light, these developments indicate a burgeoning confidence in the stock market as a viable investment option, potentially leading to a more robust investment environment in the region.
Overall, with increasing investor engagement and strategic initiatives by SPX, the future looks promising for the South Pacific Stock Exchange and its stakeholders.
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